Broadcom to stay on deal path after Qualcomm halt: analysts

(Reuters) - Broadcom Ltd's Chief Executive Hock Tan is unlikely to put the brakes on his acquisition spree after the microchip maker's $117 billion bid for Qualcomm Inc was blocked by U.S. President Donald Trump on national security grounds, analysts said on Tuesday.

Qualcomm Inc's board of directors was meeting on Friday to discuss former executive chairman Paul Jacobs stepping down after he told the U.S. semiconductor company he was exploring acquiring it, people familiar with the matter said on Friday.

One day after Broadcom surprised markets, and the US public, when the $100 billion Singapore company announced it would legally relocated to the US, Bloomberg and the WSJ report that Broadcom is considering a $100 billion deal for Qualcomm. The two are linked.

POTOMAC FALLS, Va. — President Donald Trump said Saturday that the U.S. Secret Service did a “phenomenal job” apprehending a “troubled person” who got onto the White House grounds after climbing a fence on the east side of the property while Trump was inside the executive mansion.
It was the first known security breach at the White House since Trump took office nearly two months ago.